The Washington Mutual equity line of credit is unique because you can switch between a fixed interest rate and a variable interest rate.  This flexibility is great because you can have a variable rate when interest rates are decreasing and then you can convert to a fixed rate when interest rates are going up.

This WaMu equity line also also you to fix only a portion of you loan.  This is nice because you can lock in interest rates for a part of your equity line of credit and keep a portion of it as a variable equity line.

This equity line has three ways to draw upon the line of credit.  You can use Washington Mutual credit cards, checks, or cash advances.  This convenience is very nice.  You never know when you are going to have to tap into your equity line of credit.  Washington Mutual gives you various options for getting your cash.

The interest rates on this Washington Mutual equity line are competitive.  Because these interest rates change frequently you should check out the Washington Mutual website for current interest rates.